Fund Services

Our full scope, tailored administration service is designed to drive performance throughout the fund lifecycle – from establishment and capital deployment to realisation and wind up.

Our goal is to enhance the experience of fund managers and your investors, providing the kind of responsive, accurate and consistent support that you can stake your reputation on.

To deliver on that promise, we will work closely with your team, planning meticulously to understand ‘what good looks like’ for you. The solution we develop will be tailored to meet your practical and strategic objectives and underpinned by carefully chosen and customised systems. By adapting the latest technology to your needs, we give you and your investors the level of transparency you require along with ease of access to your data and documents.

The result is a one-of-a-kind administration service that adds value, enhances reputations and provides real peace of mind every step of the way.

Sectors

Private Equity

we deliver the kind of transparent, responsive – and increasingly online – service demanded by today’s investors and fund managers.

Venture Capital

our team is a proactive partner handling frequent capital calls and robust investment processing and tracking.

Credit

responding to fast-moving investment cycles, we manage the timely distribution of returns from the assets to investors.

Real Estate

at the heart of our service is the seamless flow of information between the property manager, ourselves as fund administrator and your back office.

Our Services

Our support is structured to meet every fund administration need, from planning and set-up to day-to-day management and closing.

  • Structure establishment

    We handle all the administrative elements of forming fund structures and facilitate communication between your team and any external parties such as appointed lawyers and regulators. Our coordinated approach ensures we are able to manage post-establishment activity and any multi-jurisdictional requirements.

  • Fund Closing

    We support all administration and governance activities needed to admit investors into a fund, from liaising with your team and appointed lawyers to ensuring that a robust plan is in place and tracking detailed closing activities to final close.

  • Investor KYC collation & review

    Our team obtains and reviews all due diligence documentation to ensure compliance with legal and regulatory requirements. As well as taking an integrated approach where there are multiple jurisdictions, we also work closely with your team to help manage any sensitive relationships.

  • Capital Calls

    From calculating, preparing and issuing capital calls for a single fund through to more complicated feeder relationships and investor variation, we handle the whole capital call process, freeing you up to focus on deal execution. We can tailor the look and feel of our system-generated notices to your specific requirements or we can provide best practice examples from our library.

  • Investment transaction governance

    At every stage of an investment transaction, we liaise with your team and lawyers to provide administrative support and ensure best practice governance.

  • Company secretarial

    Our team maintains the books and records of a fund structure to best practice standards, including providing high quality and timely minutes and leveraging the latest technology to ensure that board packs are compiled and distributed efficiently.

  • Board governance

    Our team supports the implementation and maintenance of corporate governance frameworks, enabling boards to ensure they are complying with the latest regulations and best practices.

  • Banking & Foreign Exchange trade processing

    We have an integrated process that connects your day-to-day team with our in-house specialists to ensure seamless processing of payments and foreign exchange trades with your selected banking providers.

  • Distributions

    From calculating, preparing and issuing distributions for a single fund through to more complicated feeder relationships, investor variation and carry calculation, we handle the whole distribution process. This includes working with your team to agree the best way of confirming investor bank details, preventing any delays in the receipt of distribution monies. We can tailor the look and feel of our system-generated notices to your specific requirements or we can provide best practice examples from our library.

  • Financial Statement preparation & audit management

    We take an integrated approach to the preparation of financial statements to make sure all transactions have been accounted for and disclosed completely and accurately, working with your team to include manager reporting and resolve judgement calls. We also understand that proactively drafting detailed timetables is key to an efficient and seamless reporting cycle, particularly in managing year end audits.

  • Investor Reporting & investor query management

    In addition to preparing capital account statements and quarterly reports, often distributed via an investor portal, we carefully track and respond to investor queries to deliver a quality investor experience and improve reporting content. We can also work with your team to make sure your investor portal is impactful and on brand.

  • Carried Interest/performance fee calculation

    Working to the requirements set out in your constitutional documents, our team can prepare all carried interest/performance calculations.

  • Investment IRR and Investor IRR reporting

    We routinely provide system-generated Gross and Net Internal Rate of Return (IRRs) and other performance monitoring metrics.

  • Structure dissolution/wind up

    In managing the dissolution of multi-jurisdictional structures, we handle all the administrative tasks and liaise with your team, lawyers, investors and regulators as required, ensuring that the process is timely and robust.

Funds Contacts

Greg McKenzie

Country Head (Luxembourg) View Profile

Greg McKenzie

Country Head (Luxembourg)

Greg joined Belasko in 2020 and is responsible for service delivery from Luxembourg.

Greg has accumulated 18+ years’ experience within the financial services industry covering the investment, fiduciary and banking sectors, specializing in alternative asset classes (PE, VC, Real Estate and Credit). Through this period Greg has led and participated in several strategic initiatives which include business development, product establishment, regulatory change, operating model refinement and on boarding complex new business across entrepreneurial and global servicing businesses with particular focus on Channel Island, Luxembourg, Ireland and the UK markets.

Greg has a wealth of directorship experience that cover global banks, fiduciary and administration businesses, in addition to investment management companies and regulated investment vehicles in Guernsey, Luxembourg, Ireland and the UK. Greg is a member of the Institute of Directors and has served industry associations throughout his career.

Graham Parry-Dew

Managing Director (Luxembourg) View Profile

Graham Parry-Dew

Managing Director (Luxembourg)

Graham joined Belasko in 2020. He is a British national and has been resident in Luxembourg since 1991.

Graham has over 30 years’ experience in banking and the funds industry, predominantly with funds investing in alternative asset classes, with a major focus on AIFMD regulation, preparation, and subsequent service delivery.
He has worked for respected institutions within this time and in the last ten years has held senior management or authorised manager positions with global banks and specialist fiduciary and fund administration businesses. Graham acts as M.D, – Country Head leading the Belasko Luxembourg operation.”

Nick McHardy

Head of Funds View Profile

Nick McHardy

Head of Funds

Nick joined Belasko during 2020, is based in London and leads our Fund Administration service offering.

Nick has over 15 years’ experience working with private equity, credit and real estate fund structures and is passionate about delivering excellent client service through the deployment of efficient processes and the effective use of technology. He has led on the transfer of complex fund administration and accounting mandates and in the implementation of ISAE 3402 compliant fund administration operating models.

Nick qualified with PwC and has held a number of board positions for regulated and unregulated fund structures (General Partners & Managers).

Alice Heald

Group Head of Marketing View Profile

Alice Heald

Group Head of Marketing

Alice joined Belasko in 2024 as Group Head of Marketing

Alice has over 10years’ experience in marketing for financial services organisations and joins the Belakso team to help strengthen their marketing endeavours, drive growth and elevate the brand in our core markets. She’s experienced when it comes to executing bespoke marketing strategies tailored to the private capital funds and financial services sectors. Alice holds a Chartered Institute of Marketing Diploma in Professional Marketing after studying English Literature at the University of Surrey.

John Russell

Director View Profile

John Russell

Director

John joined Belasko in January 2021 as a Director in our Luxembourg office and is responsible for central administration operations.

John has over 13 years’ investment fund industry experience in Luxembourg. He previously held the position of Director of Client Services – Private Equity at a leading fund administrator, managing several teams of accountants, corporate lawyers as well as the Investor Services team, providing central administration services to both regulated and unregulated Alternative Investment structures.

In addition to leading operational teams, John also served on the board of a limited number of CSSF regulated vehicles. John previously held the role of supervisor on the alternatives desk of a global bank. John holds a BA (hons) in Public Administration from the University of Limerick, Ireland. John is an avid music fan, and also enjoys mountain biking, cooking, and travelling with his wife and two young daughters.

We met Belasko at a challenging time for our business project and they quickly became an integral part of our team. They put focus on clients’ needs and deliver. All staff are professional, friendly, and responsive and it is our pleasure to work with them.

John - Director, Private Investment Property Fund

Further solutions

Corporate Services

Our team is on hand to look after all aspects of company structures for a diverse range of clients.

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Private Wealth

We offer a comprehensive suite of wealth management services to high net worth individuals and families.

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